Griffon Corporation (NYSE:GFF – Get Free Report) COO Robert Mehmel sold 6,639 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $104.34, for a total transaction of $692,713.26. Following the sale, the chief operating officer owned 726,272 shares of the company’s stock, valued at approximately $75,779,220.48. This represents a 0.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Griffon Stock Up 1.9%
Shares of GFF opened at $106.81 on Wednesday. Griffon Corporation has a 52 week low of $65.01 and a 52 week high of $108.57. The firm has a market cap of $4.84 billion, a P/E ratio of 27.25 and a beta of 1.44. The firm’s 50-day simple moving average is $92.75 and its 200 day simple moving average is $86.39. The company has a debt-to-equity ratio of 9.75, a quick ratio of 1.79 and a current ratio of 2.41.
Griffon (NYSE:GFF – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The conglomerate reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.17. The firm had revenue of $481.37 million for the quarter, compared to analysts’ expectations of $457.70 million. Griffon had a net margin of 8.08% and a return on equity of 249.31%. The business’s revenue was down 21.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.50 EPS. On average, analysts forecast that Griffon Corporation will post 5.33 earnings per share for the current year.
Griffon Dividend Announcement
Institutional Investors Weigh In On Griffon
Institutional investors have recently made changes to their positions in the stock. Corient Private Wealth LLC boosted its position in Griffon by 3.4% during the fourth quarter. Corient Private Wealth LLC now owns 3,546 shares of the conglomerate’s stock valued at $261,000 after acquiring an additional 115 shares during the last quarter. O Shaughnessy Asset Management LLC grew its holdings in Griffon by 1.3% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 10,299 shares of the conglomerate’s stock worth $759,000 after acquiring an additional 132 shares during the period. Oregon Public Employees Retirement Fund raised its position in shares of Griffon by 1.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 8,929 shares of the conglomerate’s stock worth $658,000 after acquiring an additional 136 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Griffon by 30.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 585 shares of the conglomerate’s stock worth $43,000 after acquiring an additional 137 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Griffon by 33.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 572 shares of the conglomerate’s stock valued at $41,000 after purchasing an additional 142 shares during the period. 73.22% of the stock is currently owned by institutional investors.
More Griffon News
Here are the key news stories impacting Griffon this week:
- Positive Sentiment: An analyst view argues that resilience in Griffon’s Residential and Renovation (R&R) business, combined with a potential volume recovery in fiscal 2027, could support higher earnings and valuation. Griffon Corporation: R&R Resilience And FY27 Volume Recovery Create Upside To Earnings And Valuation
- Positive Sentiment: Griffon recently exceeded quarterly earnings and revenue expectations, providing support for the company’s improving investor sentiment and recent stock strength.
- Neutral Sentiment: Griffon priced an $800 million private placement of senior unsecured notes due 2034, carrying a 6.25% annual interest rate. Proceeds, along with cash and revolver borrowings, are intended to support refinancing and other corporate purposes; closing is expected August 18. The longer maturity could improve debt flexibility, but the financing adds substantial interest expense. Griffon Corporation Announces Pricing of $800 Million Senior Notes Offering
- Negative Sentiment: COO Robert F. Mehmel sold a combined 22,567 Griffon shares for approximately $2.4 million in transactions dated August 7 and August 10. However, both sales were conducted under a pre-arranged Rule 10b5-1 plan, and he continues to own more than 726,000 shares, reducing the significance of the transactions as a bearish signal. SEC Form 4 Insider Sale Filing
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on GFF. Weiss Ratings reissued a “hold (c-)” rating on shares of Griffon in a report on Friday. Robert W. Baird set a $125.00 price objective on Griffon in a report on Thursday, August 6th. Zacks Research upgraded Griffon from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. Wall Street Zen downgraded Griffon from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Stephens boosted their target price on shares of Griffon from $115.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $122.50.
View Our Latest Stock Report on GFF
About Griffon
Griffon Corporation (NYSE:GFF) is a diversified management and holding company whose subsidiaries design, manufacture and market products for residential, commercial and defense applications. Operating through three primary platforms—Home & Building Products, Defense Electronics and Specialty Industrial—Griffon’s portfolio spans consumer and industrial brands with a focus on long-lived products and recurring aftermarket opportunities.
In the Home & Building Products segment, Griffon’s Clopay Building Products division is a leading North American manufacturer of residential and commercial garage doors, specializing in steel, fiberglass and composite designs as well as decorative carriage-house styles.
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